House Subcommittees To Hold HUD HOME Hearing

Two House Financial Services subcommittees will hold a joint hearing this week to investigate potential fraud in the U.S. Department of Housing and Urban Development's (HUD) HOME Investment Partnerships Program.

This is the second in a series of hearings on the program. The first hearing examined the department's policies and procedures for monitoring program performance.

According to an announcement from Republicans on the committee, this hearing, scheduled for Wednesday afternoon at 2:00 p.m. ET, will examine "whether a lack of internal controls at HUD render the HOME program vulnerable to fraud and waste."

Witnesses lined up for the two-panel hearing include two individuals who have been convicted of defrauding organizations that received funds from the HOME program; John P. McCarthy, acting deputy inspector general at HUD's Office of the Inspector General; former HUD Inspector General Kenneth Donohue; and James Beaudette, deputy director of HUD's Departmental Enforcement Center.

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